We haven't even received the drawings back from our builder yet.

The city is requiring that we draw up new plans and do new inspections.

The purpose for looking for a HELOC opposed to a re-fi is the flexibility of pulling money out in draws, and the low fee structure compared to a re-fi with closing costs and greater points. 

For example, our goal after BRRRR-ing our first rental property is to rehab our primary residence and convert it into a rental, subsequently buy a duplex where we live in one side and rent out the other while also setting up the next BRRRR deal.

With $150-250K in unsecured business credit lines and cards, you can: Buy investment properties Borrow the down payment to combine with a normal mortgage Renovate properties Expand your lead generation marketingYou draw on the credit line, then pay it back at your own speed.

USDA is very friendly with manufactured homes, though.Regarding VA, there is no conforming loan limit as of 2020, but VA funding fee was increased from 3.3% to 3.6% on subsequent use (since you’ve already used a VA loan in past).

If you are further away from primary draws, especially in walkable areas, than your comp, knock down your rent. 

We've already begun the process so I haven't gone to a lawyer to draw up any official agreements but we do have an agreement he created outlining the profit split. 

Even though FSBO  draws less ready crowd than a MLS crowd (remember, hot market here)  I certainly don't want contingencies that could fall apart and if they have another home to sell it would have to be on the market before I signed a contract.

Interest only payments for 12 months and rehab reimbursement through draw payments.